• March 16th, 2016

Gov Contracting

Paper, Order, or Assignment Requirements

Please address both scenarios. See attached for additional information

Scenario 1

You advertise an antique desk for sale on Craig’s list. A well-dressed gentleman appears at your door two days later and advises you that he wishes to make an irrevocable offer of $1500 for the desk. What steps do you need to take in order to be assured that the offer will remain irrevocable?

Scenario 2

Seller agrees to sell 100 widgets to buyer at a per unit price of $50. Buyer agrees to pay $1,000 at the present time, with the balance in cash upon delivery, but no delivery date is specified. Do the parties have an enforceable contract, and, if so, what are the terms of the contract?

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